According to a report published by Business Week, lawyers for the plaintiffs claimed the Korean-based automaker failed to provide sufficient warranty coverage for prematurely wearing brake rotors and pads on Sephia sedans built from 1997 to 2000.As per the settlement, each owner will receive $750 to cover the costs of repairs and inconvenience.In response, Kia issued a statement saying it was wrongfully accused of failing to honor its warranty agreements and plans to appeal the New Jersey ruling.Source: BusinessWeek